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Mar 24 2017

Deals this week: F&N Treasury, Joy Wing Mau, Tate & Lyle

Fraser and Neave subsidiary F&N Treasury intends to raise C$160m ($114.09m) through private placement of notes in order to fund its working capital and capex requirements, as well as repay part of debts owed by the parent company, its affiliates and associated companies.

Due 2022, the notes will carry an interest rate of 3.09% a year.

Based in Singapore, the parent company produces and distributes beer, soft drinks and dairy products, and is also engaged in other activities such as printing, publishing and packaging.